Latest Updates Around The World
Domestic brokerage firm Nuvama Institutional Equities has downgraded ITC shares from buy to hold, warning that a very sharp hike in cigarette taxes is likely to force price hikes of at least 20% for key brands from February.Nuvama has also sharply downgraded tobacco, arguing that the government’s latest move marks a clear break from the […]
India’s largest life insurer Life Insurance Corporation (LIC) has increased its stake in FMCG companies Tata Consumer Products and Dabur India, according to filings of both companies with the stock exchanges. LIC has increased its stake in Tata Consumer by 2.012% to 8.645% from 6.633% earlier. The additional stake amounts to over 1.99 crore shares. […]
